|Contact:||Kerry Fennelly, EIA|
|Heather O’Farrell Layman, Quinn Gillespie & Associates|
WASHINGTON, DC – In the wake of an array of high-profile Internet security breaches, a new alliance was formally launched today. The Internet Security Alliance (ISA) is a response to the urgent economic security challenge posed by a growing dependence on e-commerce. ISA aims to enhance the information security of member companies and, ultimately, the greater Internet community worldwide.
ISA will be the most comprehensive, business-led organization providing up-to-the-minute threat reports, best practice standards, risk management strategies, certification and more. It is distinct from other organizations because its scope is international, cross-industry, non-profit, non-government and non-proprietary.
ISA is a collaborative effort between Carnegie Mellon University’s Software Engineering Institute (SEI) and its CERT® Coordination Center (CERT/CC), and the Electronic Industries Alliance (EIA), a federation of trade associations.
The CERT/CC is a major reporting center for Internet security problems. Staff members provide technical assistance and coordinate responses to security compromises, identify trends in intruder activity, work with other security experts to identify solutions to security problems and disseminate information to the broad community. The CERT/CC also analyzes product vulnerabilities, publishes technical documents, and presents training courses. The CERT/CC offers ISA not only an enormous store of data, but also unmatched analytical expertise.
EIA is a national trade organization with more than 2,300 member companies, representing the full spectrum of U.S. manufacturers representing more than 80 percent of the $550 billion electronics industry. The EIA mission is promoting the market development and competitiveness of the U.S. high tech industry through domestic and international policy efforts.
The need for an organization like ISA is clear. As little as seven years ago there was no commercial use of the Internet. Today, hundreds of millions of users have access to the Web and Internet traffic volume is doubling approximately every 90 days.
Businesses are recognizing the power of e-commerce and its ability to provide better customer service, reduce costs, access information rapidly and improve internal communication.
“As the number of companies conducting business on the Internet continues to rise, so does the sophistication and number of cyber-attacks. Financial losses to business and government due to Internet vulnerabilities could exceed $100 billion per year by 2004,” said Steve Cross, Director of the SEI and Deputy Executive Director of ISA. “The threat is real, and a proactive industry-led initiative is a must."
“The mission of ISA is to raise awareness among corporate leaders worldwide of the potential threats posed by an increase in e-commerce. ISA members will not only advocate Internet security, but also adopt the best practice standards necessary to reduce the risks associated with doing business on the Internet,” said Dave McCurdy, Executive Director of ISA and President of EIA.
“ISA offers high-value information networks working toward common solutions. We hope businesses of all sizes, from around the globe, will see the enormous benefits of participating in ISA,” McCurdy added.
The Founding Sponsors of the ISA as of April 19, 2000 are: American International Group (AIG), Enspherics, Exodus Communications, Guardent, Mellon Financial Corporation, NASDAQ, Redleaf Group, Inc., TATA Consultancy Services (TCS), TRW, and VeriSign.
The ISA’s website is www.isalliance.org.
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